Seondo Electric Co (XKRX:007610) Debt-to-Equity : 1.45 (As of Mar. 2024)

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What is Seondo Electric Co Debt-to-Equity?

Seondo Electric Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩42,108 Mil. Seondo Electric Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩369 Mil. Seondo Electric Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₩29,252 Mil. Seondo Electric Co's debt to equity for the quarter that ended in Mar. 2024 was 1.45.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Seondo Electric Co's Debt-to-Equity or its related term are showing as below:

XKRX:007610' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 0.49 Max: 2.33
Current: 1.45

During the past 13 years, the highest Debt-to-Equity Ratio of Seondo Electric Co was 2.33. The lowest was 0.28. And the median was 0.49.

XKRX:007610's Debt-to-Equity is not ranked
in the Hardware industry.
Industry Median: 0.29 vs XKRX:007610: 1.45

Seondo Electric Co Debt-to-Equity Historical Data

The historical data trend for Seondo Electric Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Seondo Electric Co Debt-to-Equity Chart

Seondo Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.57

0.58

0.96

1.40

2.33

Seondo Electric Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.97	1.00	1.03	2.33	1.45

Competitive Comparison of Seondo Electric Co's Debt-to-Equity

For the Electronic Components subindustry, Seondo Electric Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Seondo Electric Co's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Seondo Electric Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Seondo Electric Co's Debt-to-Equity falls into.

Seondo Electric Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Seondo Electric Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(52227.665	+	394.428)	/	22632.286
	=	2.33

Seondo Electric Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(42108.191	+	369.428)	/	29251.987
	=	1.45

Seondo Electric Co (XKRX:007610) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Seondo Electric Co Debt-to-Equity Related Terms

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Seondo Electric Co (XKRX:007610) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Seondo Electric Co Ltd (XKRX:007610) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

734 Wonshi-Dong, Danwon-Gu, Ansan, Gyeonggi, KOR, 425-851

Website

http://www.seondo.co.kr

Seondo Electric Co Ltd is a Korea-based company engaged in the manufacture of electric conversion devices. The firm provides switchgears, such as gas insulated switchgears (GISs), vacuum circuit breakers (VCBS), vacuum circuit systems (VCSs)transmission line protection relay panels and others; monitoring and control systems, such as substation total automation systems, remote terminal units (RTUs), distributed control systems and supervisory controls and data acquisition (SCADA) systems; circuit breakers, such as earth leakage circuit breakers, magnetic contractors, home panel boards, reject filters and ignition transformers; environment products, such as diesel soot smoke reducers, electric dust collectors and others, as well as electric construction services.

Seondo Electric Co (XKRX:007610) Headlines

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